How Kotak Mahindra Is The Best Personal Loan?

If you manage your immediate financial needs then, Kotak Mahindra Personal Loan fulfills all your financial solutions to both your planned or unplanned expenditures. The borrowers can simply apply for the Kotak personal loan from anywhere and anytime while having a seamless experience. People applying for a personal loan for Kotak Mahindra get several benefits for choosing a personal loan.

Features and benefits of Kotak Mahindra personal loan

• Loan disbursal amount: Avail Kotak Mahindra personal loan amount starting from Rs. 50,000 up to Rs. 20 lakhs with flexible tenures starting from 1 year to 5 years.

• Efficient customer service: The borrowers get a hassle-free experience with minimal personal loan documentation and quick turnaround time for experienced customer support.

• Attractive interest rates: If you are applying for a Kotak Mahindra personal loan then, it is more affordable and convenient than any other lender. ROI is starting from 10.75%.

• Personal loan in few seconds: The borrowers will get the funds disbursed in the account with a few clicks to fulfill all their personal financial needs.

Steps to apply for Kotak personal loan

Get Kotak Mahindra personal loan with three easy steps:

• Step 1: The borrowers must be submitted basic details to the lenders.

• Step 2: The user should determine the eligibility to get a personal loan from Kotak.

• Step 3: Provide a set of required documents such as residential proof, income, and employment details, etc. to the lenders.

Eligibility criteria of Kotak Mahindra personal loan

• Individuals must be an Indian citizen.

• The borrowers must be an employee of an MNC, Public, or Private limited company.

• The age should be minimum of 21 years and a maximum of 58 years at the time of loan approval.

• Net salary would be Rs. 20,000/- per month

• The interest rate for Kotak Mahindra personal loan is ranging between 10.75% - 24% p.a.

• The interest rate varies due to the variation in the amount borrowed, and the tenure for the personal loan depends on your credit history.

• The tenure of a personal loan is ranging up to 5 years.

• The individual should have a minimum educational qualification of being a graduate.

• The borrower should have a minimum work experience of at least 1 year.

• Individuals have a resident of a city for at least 1 year.

Documents required for applying for Kotak Mahindra personal loan

The required documents of Kotak Mahindra personal loan are eligible for salaried individuals:

• Submit the proof of identity like passport/PAN Card, Aadhaar card, Voter’s ID, Driving license.

• Proof of residence like a utility bill, passport, or leave and license agreement.

• Submit a bank statement for the last 3 months with income details.

• Salary slip for the last 3 months.

• 2-3 passport size photographs.

Conclusion:

You can apply for Kotak Mahindra personal loan with its eligibility criteria, features, interest rates, and other details as mentioned above. The Kotak personal loan is the Best Personal Loan preferred by most of the applicants. You can also apply for the Kotak online app from its official website. Thus, read carefully the terms before applying for the personal loan.